LRCX trade ideas
$LRCX can rise in the next daysContextual immersion trading strategy idea.
Lam Research Corporation designs, manufactures, markets, refurbishes, and services semiconductor processing equipment used in the fabrication of integrated circuits worldwide.
On 29 May the company entries on the list of Best Dividend Stocks for May 2020 in Investopedia. It causes a rise in the share price.
At the and of the day the demand for shares of the company looked higher than the supply.
These and other conditions can cause a rise in the share price in the next days.
So I opened a long position from $281,43;
stop-loss — $271,49.
Information about take-profits will be later.
Do not view this idea as a recommendation for trading or investing. It is published only to introduce my own vision.
Always do your own analysis before making deals. When you use any materials, do not rely on blind trust.
You should remember that isolated deals do not give systematic profit, so trade/invest using a developed strategy.
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LCRX - Target $350 AFTER EARNINGS1. Stock consolidating and rising nicely in pattern;
2. $60 Height on Flag ($350 Target)
3. IBM just reported and that company is up $5;
4. This is going to $350;
5. End of Story;
Jan 21
Comment: Earnings January 22nd along with, XLNX, and TXN. Should be a nice day, Then INTC on deck on Thursday for the real show.
Lam Research looks overdone. $lrcxTime to ring the register and wait for lower entry.
Momentum downtrending and in bearish divergence to price.
RSI in downtrend and showing significant bearish divergences.
Stock has ran 25% since breakout, profit taking innevitable.
Major fibonacci extension target hit and price rejected.